2023-08-07 17:16:49
Warren Buffett has done it again: While most analysts assumed a worse result for his investment company Berkshire Hathaway, Buffett, on the contrary, generated record results. In operational terms, the company conglomerate reported its highest quarterly profit to date between April and June, as reported in the Monday edition of the FAZ. That surprised many analysts.
CFRA analyst Catherine Seifert wrote that Berkshire was under pressure from a range of economic data, including inflation. She expected earnings of $3.94 per share. UBS previously gave a “above consensus” estimate of $3.99. In fact, Berkshire made a profit of $4.62 per share – operating income increased by a good 7 percent to more than $10 billion within the year.
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